Thursday, September 29, 2011

Open House... It's a Co-op!: 125 Eastern Parkway, #1A

Much like the modern 475 Sterling Place, #4F we covered a few months ago, 125 Eastern Parkway, #1A is a great look at a sleek apartment in Prospect Heights. Our very first co-op, this 3 bedroom - 2 bathroom apartment, right across the street from the Brooklyn Museum, was picked up as Brownstoner's Co-op of the Day. Listed at $929K, you know we ordinarily look at this kind of money on a multi-family, but this pre-war building from the historic days of Eastern Parkway cleans up pretty nice with this modern renovation from architect Rafael de Cárdenas. Cárdenas is known for even more colorful projects, but this penny-tile gives a nice, bright look to the bathrooms & the built-in frosty-glass shelf unit is pretty neat-o too:

There's even a little interior courtyard right out the window:

If you are going for an apartment, getting 3 bedrooms and 2 bathrooms probably offers the best value. Having the 2/3 train, Brooklyn Botanical Gardens, and Brooklyn Museum literally right outside your door ain't too shabby either. And the maintenance looks fair compared to what things in the $700/sqft price range cost. We can see someone who wants Prospect Park in their lives, but at a value over Park Slope prices, snatching this thing up. And with two opens houses this Saturday and Sunday from 1:00pm - 2:30pm, seeing the place is easy.

This block is currently undergoing an $18M re-vamp, adding trees, a bike lane, and improving the median - which should add value and restore some of the old charm Eastern Parkway had when it was almost like living on Park Avenue or 5th Avenue across from the Met in Manhattan. This "Theodore Roosevelt" building, in a row with the "Martha Washington" and "Abraham Lincoln", date back to old-time Grand Army Plaza, where President Roosevelt was the keynote speaker at the unveiling of the Civil War monument there. The architecture of the Roosevelt and Washington buildings was dubbed by one commentator on Brownstoner as "restrained neo-Georgian".

(The "Theodore Roosevelt" is attached to the Turner Towers in the middle background.)

Pro's: great location, modern renovation in a historic building, high ceilings, good value as co-ops go

Con's: ground floor apt might not be for everyone, we usually go condo over co-op

Ideally: if you're in the market for an apartment, come by the open house


  1. Open House this Sunday, November 20th, 2pm - 4pm

    1. No longer listed, but contact us for more details...